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Strategies & Market Trends : The picks
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To: Andrew Vance who wrote (3900)2/5/1997 10:04:00 AM
From: Steven Messina,L.M.T.   of 6124
 
Re: IOM

Drewster,

I placed a day, limit order bid in at 17 1/4 last evening, and it was filled within moments of today's session. Just testing the waters on Iomega this week, and will MOST DEFINITELY be buying on ANY dips below 17 1/4.....alla way down to $16 -.

I recommend anyone even thinking of holding a position at this time, to buy in limited quantities and ONLY at/below 17 1/4 as an entry point. This stock has a mind of its own......lots of nervous trigger fingers on both sides of the fence, just waiting to hit that ENTER button. This is a TRUE example of the FOLLOW THE HERD theory. When the BIG GUNS ( Mutual Funds et al. ) come out shootin, the shorts will stampede and trigger a squeeze. It's evident. History will repeat itself.

Regards,

Boi
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